Up to $200 in easy credits available at Home Depot and Best Buy with new Amex Offers

Jan 4, 2021

This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. Terms apply to the offers listed on this page. For an explanation of our Advertising Policy, visit this page.

It’s a new year, which means new credit card offers and (if I had to guess) an optimistic checklist of home and life improvement projects on your personal to-do list.

If you’re itching to start 2021 with a bathroom renovation, backyard overhaul or a few choice home upgrades, there are two great Amex Offers available right now that can confer serious savings of up to $200.

Want more credit card news and advice from TPG? Sign up for our free daily newsletter.

Save up to $100 at The Home Depot

Many people who have The Platinum Card® from American Express have a new Amex Offer available to them that awards $50 back on up to two purchases of $50 or more when you shop online at The Home Depot. That means you could save $100 with two $50 orders made at The Home Depot’s website by June 30, 2021, and have zero out-of-pocket expenses.

Even if you don’t have a home improvement project on your to-do list, you can still stock up on paper towels and other household items.

Screenshot courtesy of Home Depot

Just remember to add the offer to your card before shopping. At this time, The Home Depot offer is only eligible with certain U.S.-issued personal Platinum and personal Centurion American Express® cards.

Save up to $100 at Best Buy

The Best Buy Amex Offer appears to be available on select U.S.-issued personal Platinum and both personal and business Centurion cards. Because these are targeted offers, not all cardholders will receive these deals — and they appear to be more likely on primary accounts rather than authorized user cards.

But if you have this offer, much like with The Home Depot offer, you can get a $50 statement credit with a $50 online purchase at Best Buy’s website up to two times by June 30, 2021.

In addition to appliances, Best Buy sells all kinds of electronics and accessories such as new video games to keep everyone occupied at home.

Increase your savings

You could save even more money when you start at a shopping portal.

Use Cashback Monitor to find the best cash-back or points and miles offer for you. At The Home Depot, for example, you could earn over 8% back at a number of cash-back portals or 3 JetBlue True Blue points per dollar spent. The current best offers for Best Buy include up to 4% at Top Cashback or 1 United MileagePlus mile per dollar.

If you have an up to $30 monthly PayPal credit when you use your Platinum card (ends June 30, 2021), you may get even more money back on these purchases when you shop at The Home Depot or Best Buy by checking out via PayPal with your Platinum card.

And, of course, you should always check for additional deals, discounts and coupons before finalizing your purchase.

Bottom line

If you spend just $50 online at Best Buy and Home Depot, you could actually come out ahead on your purchase. And you can do this twice in the next six months at each retailer, saving $200 on purchases and walking away with cash back or extra airline miles in your pocket if you start your purchase from a shopping portal.

Even though I mostly shop at The Home Depot for lumber, dirt and rocks, there are plenty of everyday household items you could stock up on instead. I’ll be the first to admit I love putting purchases on my Home Depot store card (hello, 24-month financing with 0% interest!) but the next time I shop there, I’ll be sure to swipe my Platinum card at least two times to get the statement credits.

And if American Express is going to all but pay me to shop at Best Buy, well, I’m sure I can find something I need there, too.

Not seeing these offers on your credit card account? Don’t fret. There are a ton of other Amex Offers right now that could effectively cancel out your purchases, including $9.99 back when you spend the same amount or more on books at Scribd. You may also get $50 back for every $50 you spend on Home Chef orders, or $30 back when you spend $30 at WineInsiders.com.

Featured image by Isabelle Raphael / The Points Guy. 

Chase Sapphire Preferred® Card

WELCOME OFFER: 60,000 Points

TPG'S BONUS VALUATION*: $1,200

CARD HIGHLIGHTS: 2X points on all travel and dining, points transferrable to over a dozen travel partners

*Bonus value is an estimated value calculated by TPG and not the card issuer. View our latest valuations here.

Apply Now
More Things to Know
  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Ultimate Rewards®. Plus earn up to $50 in statement credits towards grocery store purchases.
  • 2X points on dining at restaurants including eligible delivery services, takeout and dining out and travel & 1 point per dollar spent on all other purchases.
  • Get 25% more value when you redeem for travel through Chase Ultimate Rewards®. For example, 60,000 points are worth $750 toward travel.
  • With Pay Yourself Back℠, your points are worth 25% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories.
  • Get unlimited deliveries with a $0 delivery fee and reduced service fees on eligible orders over $12 for a minimum of one year with DashPass, DoorDash's subscription service. Activate by 12/31/21.
  • Earn 2x total points on up to $1,000 in grocery store purchases per month from November 1, 2020 to April 30, 2021. Includes eligible pick-up and delivery services.
Regular APR
15.99%-22.99% Variable
Annual Fee
$95
Balance Transfer Fee
Either $5 or 5% of the amount of each transfer, whichever is greater.
Recommended Credit
Excellent/Good

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.